Madison, Maine

Moving to or Living in Madison Pros and Cons, Cost of Living, Crime Rate, Demographics

Living In Madison, Maine
Moving to Madison In Maine ? Find out the best and worst about to live, raise a family or retire in Madison, the Pros and Cons of Living in Madison.

Explore the life in Madison based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.

  1. Overview - Life In Madison
  2. Pros and Cons of Living In Madison
  3. Crime In Madison
  4. Cost of Living In Madison
  5. Gender In Madison
  6. Household Income For Madison
  7. Education In Madison
  8. Race & Ethnicity In Madison
About Madison, Maine
Is Madison, Maine a good place to live?
Madison is a city in Maine state in USA with a population of 2433 residents.. The poverty rate of Madison is 27.4%, which is 96% higher than national average. The typical household in Madison earns $32045 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 67.1% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Madison are struggling financially. Nearly one in every 1 in every 7 workers in Madison is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Madison, only 95% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Madison remained 15.2%, which is 223% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Madison, only 12% of adults have a bachelor's degree and 35% have some college but no degree.

Cost of living in Madison is 0, which is 100% lower than national average. Median home value in Madison is $76700 , which is 67% lower than national average. While median income in Madison remained $32045, which is 53% lower than national average.
Population
2433
Unemployment
15.2%
223% NAT AVG.
Poverty
27.4%
96% NAT AVG.
Overall Score
4
Median Home
$76700
67% NAT AVG.
Median Income
$32045
53% NAT AVG.
Median Rent
$709
39% NAT AVG.
People Living BPL
1 in 4
Unemployed People
1 in 7
People Earning < $10,000
1 in 7
People Earning < $50,000
67.1%
People with <= High School
1 in 1.9
People With Any Degree
1 in 3.2
Pros & Cons Overview

Jobs30%

Housing40%

Affordability60%

Safety50%

Amenities50%

Diversity30%

Education70%

Commute85%


Gender
Gender Madison Maine Country
Female 53.4% 51% 50.8%
Male 46.6% 49% 49.2%
Gender

Household Income


Income Madison Maine Country
Less than $10,000 14.2% 5.3% 5.8%
$10,000 to $14,999 15.4% 4.9% 4.1%
$15,000 to $24,999 12.5% 9.7% 8.5%
$25,000 to $34,999 13.9% 9.3% 8.6%
$35,000 to $49,999 11.1% 13.1% 12.0%
$50,000 to $74,999 16.9% 18.5% 17.2%
$75,000 to $99,999 6.6% 13.8% 12.8%
$100,000 to $149,999 9.4% 15% 15.6%
$150,000 to $199,999 0% 5.5% 7.1%
$200,000 or more 0% 4.9% 8.3%
Education


Education Madison Maine Country
< 9th Grade 3% 3% 5.0%
9-12th Grade 2% 5% 7.0%
High School or GED 48% 31% 27.0%
Other College 16% 19% 20.0%
Associate's Degree 19% 10% 9%
Bachelor's Degree 10% 20% 20.0%
Master's Degree 1% 9% 9.0%
Professional Degree 1% 2% 2.0%
Doctorate Degree 0% 1% 1.0%
Household Income
Education
Race / Ethnicity


Ethnicity Madison Maine Country
White 96.7% 92.6% 60.1%
African American 0% 1.3% 12.2%
American Indian 0% 0.6% 0.6%
Asian 0% 1.1% 5.6%
Hawaiian 0% 0% 0.2%
Other 0% 0.2% 0.3%
Multiracial 2.8% 2.4% 2.8%
Hispanic 0.5% 1.7% 18.2%
Race / Ethnicity